Everyone loves New Zealand and Jacinda Ardern. According to the conventional wisdom ‘countries with the quickest and strictest lockdown have had the smallest reductions in their GDP’. But did you know that in the second quarter in New Zealand GDP fell by 12.2% – a very large hit.
This blog is not about the wisdom of New Zealand’s health policy. In these terms New Zealand may be world beating. The problem is the myth that there is a painless economic way to solve the coronavirus problem.
New Zealand’s Great Success
New Zealand is a highly developed economy with a population of some 5 million. It is made up of two big islands and a cluster of smaller ones.
It has the advantage of being isolated. Wellington to Sidney is over 2000 km. 3 hours by air (farther than London to Moscow). Wellington to Shanghai is nearly 10,000 km. This has…
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Utopia, you are standing in it! 
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